Heidi G. Petz

President and Chief Executive Officer at SHERWIN WILLIAMS

Since January 1, 2024

Age

50 years

Tenure

Joined Sherwin-Williams in June 2017 and advanced through multiple leadership roles—from positions in Consumer Brands Group and The Americas Group to Chief Operating Officer and ultimately President and Chief Executive Officer as of January 1, 2024.

Also at SHERWIN WILLIAMS

JGM

John G. Morikis

Executive Chairman

AJM

Allen J. Mistysyn

Senior Vice President – Finance and Chief Financial Officer

BJY

Bryan J. Young

Senior Vice President – Corporate Strategy and Development

About

Heidi G. Petz is a seasoned executive known for her strategic leadership and extensive experience in the paint and coatings industry. As a key figure at Sherwin-Williams, she has demonstrated her ability to navigate complex operational challenges and drive profitable growth.

Her career at Sherwin-Williams began in June 2017 when she joined the company in connection with the acquisition of The Valspar Corporation. Over the years, she has progressed through a series of increasingly responsible roles, contributing to the transformation of multiple business units within the organization.

Beyond her operational expertise, she has broadened her impact by serving on various boards, including those of Ulta Beauty, Inc. and University Hospitals Health System, Inc. This blend of hands-on leadership and governance experience underscores her commitment to steering both company strategy and broader industry initiatives.

$SHW Performance Under Heidi G. Petz

Past Roles

Organization	Role	Date Range	Details
Sherwin-Williams	Chair of the Board	Since January 2025	Former position before becoming President & CEO
Sherwin-Williams	President and Chief Operating Officer	Mar 2022 - Jan 2024	Former role; ended due to promotion
Sherwin-Williams	President, The Americas Group (Paint Stores Group)	Mar 2021 - Mar 2022	Former role; group later renamed
Sherwin-Williams	Senior Vice President, Marketing, The Americas Group	Nov 2020 - Mar 2021	Former role
Sherwin-Williams	President, Consumer Brands Group	Sept 2020 - Nov 2020	Brief role held prior to further promotion
Sherwin-Williams	President & General Manager, Retail North America, Consumer Brands Group	Mar 2019 - Sept 2020	Former role
Sherwin-Williams	Senior Vice President, Marketing, Consumer Brands Group	Jun 2017 - Mar 2019	Former role; joined during the Valspar acquisition
Newell Rubbermaid	Leadership Role	N/A	Held leadership role before joining SHW
Target Corporation	Leadership Role	N/A	Held leadership role before joining SHW
PricewaterhouseCoopers (PwC)	Leadership Role	N/A	Held leadership role before joining SHW

External Roles

Organization	Role	Date Range	Details
Ulta Beauty, Inc.	Director	N/A	Current active role
University Hospitals Health System, Inc.	Board of Directors Member	N/A	Current active role
Joint Center for Housing Studies of Harvard University	Policy Advisory Board Member	N/A	Current active role

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$900,000	Annual (as of December 31, 2023)	12.49% increase from $800,040 at December 31, 2022
All Other Compensation	$181,372	Annual (2023)	Includes Company Contributions to Retirement Plans: $96,083 and Perquisites and Other Personal Benefits: $85,289

Performance Compensation

Data from FY 2023

Annual Cash Incentive Compensation (Cash-Based)

Metric	Threshold	Target	Maximum	Weight	Actual Result
Adjusted EPS	$5.99	$7.49	$7.92	40%	$9.57
Adjusted FCF	$832M	$1,040M	$1,138M	35%	$2,515M

Incentive Earned: $1,746,000

Incentive as a Percentage of Base Salary: Target = 100%; Maximum = 200%.

Performance-Based Restricted Stock Units (Adjusted EPS Goal)

Detail	Value
Performance Metric	Adjusted EPS
Threshold	$20.88 (50% vesting)
Target	$23.20 (100% vesting)
Maximum	$24.75 (200% vesting)
PRSUs at Target	5,600
PRSUs at Maximum	11,200
Grant Date	February 14, 2023
Grant Date Fair Value	$1,299,088
Vesting Schedule	3-year performance period (2023-2025), vesting February 2026

Performance-Based Restricted Stock Units (Adjusted RONAE Goal)

Detail	Value
Performance Metric	Adjusted RONAE
Threshold	10.40% (50% vesting)
Target	11.40% (100% vesting)
Maximum	11.90% (200% vesting)
PRSUs at Target	2,800
PRSUs at Maximum	5,600
Grant Date	February 14, 2023
Grant Date Fair Value	$649,544
Vesting Schedule	3-year performance period (2023-2025), vesting February 2026

Retention Restricted Stock Units

Detail	Value
Award Type	Retention RSUs
Units Granted	8,350
Grant Date	February 14, 2023
Grant Date Fair Value	$1,937,033
Vesting Schedule	Cliff vest on the 3rd anniversary of the grant date

Stock Options

Detail	Value
Number of Options	44,100
Exercise Price	$248.57
Grant Date	October 13, 2023
Grant Date Fair Value	$3,399,387
Vesting Schedule	Equal installments on the 1st, 2nd, and 3rd anniversaries